UK low-cost carrier (LCC) easyJet is forecasting a £490-£495 million ($624-$630 million) full-year pre-tax profit, 29% down from £686 million in the prior year, after being “disproportionately affected” by major external shock events and disruption.
Abu Dhabi-based Etihad Aviation Group and German holiday giant TUI are in discussions to create a European leisure airline group, which is expected to operate 58 aircraft on point-to-point services to key tourist markets.
New York-based investment firm Guggenheim Partners has sold its commercial aircraft leasing unit Guggenheim Aviation Partners (GAP) to GAP’s Seattle, Washington-based management team.
Santiago, Chile-based LATAM Airlines Group received the first of nine new Airbus A350-900 XWB aircraft Sept. 30 at the Airbus Delivery Center in Toulouse, France.
British Airways (BA) is to introduce short-haul economy buy-onboard meals, sourced from UK retailer Marks & Spencer, in a move that mirrors the low-cost carrier (LCC) model.
The Association of Asia Pacific Airlines (AAPA) reported 25.9 million international passengers in August, up 4.1% year-over-year (YOY), but down from 26.2 million in July.
Shanghai-based Spring Airlines is expected to open more than 40 international routes by the end of 2016, reflecting the explosive growth of Chinese citizens’ outbound travel.
Startup carrier Flybondi, which has attracted seed funding from a series of well-known industry veterans, is aiming to launch operations in 2017 as Argentina’s first ultra low-cost carrier (ULCC).
The low-cost carrier (LCC) lobbying group European Low Fares Airline Association (ELFAA) is shutting its doors because of defections to the new cross-industry group Airlines for Europe (A4E).
Taipei, Taiwan-based China Airlines (CAL) has taken delivery of its first Airbus A350XWB of 14 in ordered in 2008 on Sept. 28 from the Airbus factory in Toulouse.
Russia’s air traffic fell 10.2% in August to 10.3 million passengers, according to Russia’s Federal Air Transport Agency, Rosaviatsia. International traffic was down 25.6% year-over-year (YOY) to 3.7 million, while domestic traffic grew 1.5% YOY to 6.6 million.
Las Vegas-based low-cost carrier Allegiant Air will move its northeastern Ohio operations from Akron-Canton Airport (CAK) to Cleveland Hopkins International Airport (CLE) beginning Feb. 15, 2017.
German carrier airberlin has released details of its restructuring plan, which hinges on placing up to 40 Airbus A320s with Lufthansa Group and reducing employee positions by up to 1,200.
Challenging economic conditions facing state-owned Oman Air in recent years are likely to continue, but the flag carrier will continue to invest in improvements, CEO Paul Gregorowitsch said.
